KeyCorp Unit to Pay $7.77 Million

A unit of KeyCorp will pay $7.77 million to resolve allegations that the bank violated the False Claims Act. The allegations ...
News4Jax

Jacksonville woman pleads guilty to credit scheme, COVID-19 relief fraud involving Paycheck Protection Program

JACKSONVILLE, Fla. – A 30-year-old Jacksonville woman pleaded guilty on Tuesday to several charges including wire fraud involving the COVID-19 Paycheck Protection Program (PPP), according to the ...
Palm Beach Post

Prison or payback? Judge weighs smartest sentence for Paycheck Protection Program fraud

Johnley Jorcilien, 34, received 10 years probation for laundering nearly $350,000 in fraudulent PPP loans. Jorcilien pleaded guilty and will serve one year of house arrest and pay restitution. He ...
Chicago Sun-Times

South Side cocaine dealer admits stealing $130K in federal pandemic relief money

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American Banker

Feds still chasing billions in PPP fraud

More than four years after the Paycheck Protection Program, or PPP, stopped accepting applications, the U.S. federal government is still combating fraud that exploited the emergency fund disbursements ...